Meta Platforms, Inc. $META Shares Sold by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly reduced its stake in Meta Platforms by 79.2%, selling 162,055 shares and retaining 42,463 shares worth approximately $24.96 million.
• Numerous hedge funds have increased their holdings in Meta Platforms, with GAMMA Investing LLC raising its stake by 67,172.9% and acquiring an additional 23.4 million shares.
• Wall Street analysts remain bullish on Meta, with several firms issuing increased price targets, many reaching up to $900, and a strong consensus suggesting a "Moderate Buy" rating.

Jones Financial Companies Lllp trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 79.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,463 shares of the social networking company's stock after selling 162,055 shares during the period. Jones Financial Companies Lllp's holdings in Meta Platforms were worth $24,959,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Meta Platforms by 67,172.9% during the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after purchasing an additional 23,417,803 shares during the last quarter. Invesco Ltd. boosted its position in Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock valued at $10,184,163,000 after buying an additional 400,927 shares during the period. Goldman Sachs Group Inc. boosted its position in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Meta Platforms by 2.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock valued at $7,030,399,000 after buying an additional 280,357 shares during the period. Finally, Wellington Management Group LLP boosted its position in Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock valued at $5,787,329,000 after buying an additional 247,850 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Raymond James Financial lifted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Scotiabank lifted their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. JMP Securities lifted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Barclays lifted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, TD Cowen increased their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $0.10 on Thursday, hitting $751.88. 3,904,000 shares of the company were exchanged, compared to its average volume of 14,765,461. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock's 50 day moving average price is $740.37 and its 200 day moving average price is $660.67. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.89 trillion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares in the company, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $755.65, for a total transaction of $390,671.05. Following the sale, the chief operating officer owned 11,577 shares in the company, valued at approximately $8,748,160.05. This represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 282,761 shares of company stock worth $213,726,766 over the last ninety days. 13.61% of the stock is owned by insiders.

Meta Platforms Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.